Norfolk Southern Corp. - NSC STOCK NEWS

Norfolk Southern Corporation (NYSE: NSC) will present at the J.P. Morgan 2021 Industrials Conference on March 16, 2021, at 1:10 p.m. EDT. The presentation will be made by Mark R. George, Chief Financial Officer, and Alan H. Shaw, Chief Marketing Officer. A webcast of the conference will be available online, along with the presentation materials, which can be found in the Investors section on the company's website. Norfolk Southern operates approximately 19,300 route miles in 22 states, providing key transportation services.

Norfolk Southern Corporation (NYSE: NSC) has terminated its plans to construct a rail transfer facility on the former Chattahoochee Brick Company site in Atlanta. This decision follows a petition for a preliminary injunction filed by the City of Atlanta with the federal Surface Transportation Board. Despite believing the petition lacks merit, Norfolk Southern chose to avoid prolonged litigation, emphasizing its commitment to being a responsible corporate citizen. The company had previously offered to create a memorial and enhance the site with river trails, underscoring its focus on community engagement and environmental standards.

Norfolk Southern (NYSE: NSC) has appointed Hunt Cary as the new vice president of operations efficiency, effective February 15, 2021. Cary, a railroad veteran with 28 years of experience, previously held leadership roles at Union Pacific Corporation, where he optimized intermodal operations. His expertise in network operations and supply-chain logistics is expected to advance Norfolk Southern's implementation of precision scheduled railroading and improve its cost structure. Cary began his career at Norfolk Southern and will report to COO Cindy Sanborn.

Norfolk Southern Corporation (NYSE: NSC) will present at the Citi 2021 Global Industrials Virtual Conference on February 16, 2021, at 1:50 p.m. EST. The presentation will feature Mark R. George, Executive Vice President and CFO, and Alan H. Shaw, Executive Vice President and CMO. Attendance is virtual, and the webcast can be accessed here. The presentation will be available on Norfolk Southern's Investors page following the event.

In 2020, Norfolk Southern (NYSE:NSC) supported 86 businesses in expanding or establishing facilities on its freight rail network, resulting in $1.8 billion in customer investments. This led to 70 new and 16 expanded rail-served facilities, creating over 2,960 jobs and generating 54,300 new rail carloads annually. Notable projects included medical and automotive facilities across various states. The railroad's efforts focused on enhancing supply chain efficiency and sustainability, contributing to economic growth despite COVID-19 impacts.

Norfolk Southern Corporation (NYSE: NSC) has announced a 5% increase in its quarterly dividend, raising it from 94 to 99 cents per share, effective March 10. This follows the company's commitment to increase its long-term target dividend payout ratio from 33% to a range of 35-40% of net income. CEO James A. Squires emphasized strong operational results and robust cash flow generation, reflecting confidence in long-term value creation. Norfolk Southern has maintained a consecutive dividend payment record for 154 quarters since 1982.

On January 27, 2021, Norfolk Southern Corporation (NYSE: NSC) reported its Q4 and full-year 2020 financial results. Q4 net income reached $671 million with diluted EPS of $2.64, while the full-year net income was $2.0 billion and diluted EPS $7.84. Although Q4 railway operating revenues fell 4% year-over-year to $2.6 billion, operating expenses decreased 8% to $1.6 billion. The operating ratio improved to a record 61.8% in Q4 and 69.3% for the year, demonstrating effective cost management despite challenges posed by the pandemic.

Norfolk Southern Corporation (NYSE: NSC) will announce its fourth-quarter 2020 financial results on Jan. 27, 2021. The results will be revealed after 8 a.m. EST, followed by a live conference call at 8:45 a.m. EST. Investors can participate via teleconference or listen to a live webcast on the company's website. An audio replay will be available until Feb. 3, 2021. The company is a major U.S. transportation entity, operating a vast railway network.

Norfolk Southern Corporation (NYSE: NSC) announces its participation in the Credit Suisse Industrials Conference on December 4, 2020, at 10:10 a.m. EST. The company's CFO Mark R. George and CMO Alan H. Shaw will provide insights during the virtual event. The presentation will be accessible via a webcast link and will later be available on the company's investor relations page. Norfolk Southern is a leading transportation company, operating 19,500 route miles across 22 states.